Is Invesco Fundamental High Yield Corporate Bond ETF (PHB) a Strong ETF Right Now?
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Sep 20 2024
0mins
Source: NASDAQ.COM
Overview of Invesco PHB ETF: The Invesco Fundamental High Yield Corporate Bond ETF (PHB), launched in 2007, focuses on high-yield bonds and has over $573 million in assets. It aims to replicate the RAFI Bonds US High Yield 1-10 Index and offers a 12-month trailing dividend yield of 5% with an expense ratio of 0.50%.
Investment Considerations: While PHB provides diversification with 243 holdings, it is considered a higher-risk option compared to other ETFs like iShares iBoxx $ High Yield Corporate Bond ETF (HYG) and iShares Broad USD High Yield Corporate Bond ETF (USHY), which may offer better performance and lower expenses for investors seeking safer alternatives.
Analyst Views on PHB
Wall Street analysts forecast PHB stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for PHB is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
0 Analyst Rating
0 Buy
0 Hold
0 Sell
Current: 18.610
Low
Averages
High
Current: 18.610
Low
Averages
High
No data
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
